Overview of Transaction

• On April 16, 2026, American Express announced it entered into an agreement to acquire Hypercard, an agentic expense management company
• Founded in 2022, Hyper has focused on transforming expense management from a manual process into more autonomous workflows, successfully developing native AI agents that auto-categorize and file expenses, check them against budget and policy and send reminders that submissions are due
• In 2024, American Express and Hyper partnered to launch the Hypercard Rewards American Express card with embedded AI-powered expense agents leveraging the Agile Partner Platform
• American Express (NYSE: AXP) is a global payments and premium lifestyle brand powered by technology

Significance of Transaction

• Hyper’s team of AI experts will help American Express continue to build agentic tools and AI-powered solutions that help businesses automate processes and simplify operations
• The acquisition of Hyper builds on American Express’ previously announced AI plans by bolstering the Company’s AI talent and capabilities

FT Partners' Role

• FT Partners served as a financial and strategic advisor to Hyper on this transaction
• The transaction highlights FT Partners’ domain expertise in the intersection of AI and FinTech